Anuj Gupta of HDFC securities attributed the record-high gold prices to persistent optimism over U.S. interest rate cuts. (AI image) Gold rate today: Gold October futures contracts at MCX reached a new all-time high of Rs 76,000 per 10 grams on Wednesday. Over the past week, gold prices have risen by Rs 2,900 per 10…
The sensex and Nifty scaled new life-highs in Tuesday’s session, with the former rallying past the 85,000 mark for the first time and the Nifty scaling the 26k peak, before both indices closed barely changed.While the sensex ended the day at 84,914 – down 15 points – Nifty ended at 25,940, up just 1 point….
US Federal Reserve Meeting: The US Federal Reserve on Wednesday cut interest rates by 50 basis points. “In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent,” the FOMC statement read….
Representative image Mumbai: Gold prices will skyrocket further in June, when the US Fed brings about a rate cut, Gold Jewellery Council (GJC) has forecast. While the yellow metal reached an all-time high on Monday and fluctuated on Tuesday to close a few points lower, GJC, which opened its jewellery show on Tuesday, said customers…
